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ITEC finance questions answered

July 20, 2011

Elk County Commissioner June H. Sorg, left, makes a note Tuesday morning alongside fellow commissioners Ronald T. Beimel, center, and Daniel R. Freeburg. Photo by Joseph Bell.

Officials from the North Central Pennsylvania Regional Planning and Development Commission [NCPRPDC] attended Tuesday morning's Elk County Board of Commissioners meeting to again reiterate the fact that the sale of the Industrial Technology Education Center [ITEC] to the county features no spending of county tax dollars of any kind.
"When ITEC was built in 1997 or 1998, a bond issue was taken out," said Jim Chorney, director of finances for the commission. "The bond issue was backed by Jefferson and Elk counties.
"There were a few different percentages for their portion and the building was built through the bond issue."
Since that time, bi-annual payments have been made on the building, but not by using any tax dollars whatsoever.
"The counties have not contributed any portion to that to this point," Chorney said. "Everything that has been paid for has been paid for through income-generating activities through the school.
"At the time that the school opened, it was primarily through tuition and now it's through rent income coming in right now."
Elk County Commissioner Daniel R. Freeburg reiterated the point by stating that "no local tax dollars were used to build the ITEC facility."
According to NCPRPDC executive director Eric Bridges, the original bond that was issued at the time of construction was for Elk and Jefferson counties, but "Cameron County came on about four years ago when we restructured the bond."
However, there haven't been any county taxpayer dollars on it.
"The plan was to have the counties make payments on it if the facility didn't generate the money, but that has never happened," said Elk County Commissioner June H. Sorg.

Comments

Bull

November 1, 2011 by taxpayer (not verified), 2 years 47 weeks ago
Comment: 279

Good points. I guess my point is because noone ever brings up the good that they do when they are up for re-election or at any other time for that matter....yours is one negative argument out of years of good management on their part---they have made hundreds of decisions and no tax increases on their part in their xx years in office. Those three do a tough job and do not blow their own horns too much....they do their jobs professionally...plus everything they do is at an advertised public meeting every two weeks (or more) and the only criticism is like this---after they have public meetings and nobody comes or comments at the time, then they are criticized after the fact.

Bull

November 2, 2011 by zz (not verified), 2 years 47 weeks ago
Comment: 280

There have been tax increases but it seems no one noticed. Also if memory serves me right this was brought up not more than a day after they made their decision on the ITEC building. Not sure why but it seems voters arent paying much attention to county business except Marcelus. Oh well it was just an opinion and unfortunately its like all the other local elections everyone complains but no one will put their name on a nominating petition. Great conversation taxpayer sounds like we at least care anyway.

You're beating a dead horse,

October 29, 2011 by taxpayer (not verified), 2 years 48 weeks ago
Comment: 276

You're beating a dead horse, zz. it is a good deal for the county taxpayer. resurrecting an issue from july at election time is cheap on your part.

Bull

October 28, 2011 by zz (not verified), 2 years 48 weeks ago
Comment: 275

No matter what they say, residents of Elk County are now going to pay for this building a second time. How many times is the county going to pay for the ITEC building??

Bull

October 29, 2011 by taxpayer (not verified), 2 years 48 weeks ago
Comment: 277

The article is from July. You are beating a dead horse because it is election time. That is cheap on your part---It is a good deal for the taxpayers. Give it a rest. They do a good job for us.

Bull

October 31, 2011 by zz (not verified), 2 years 47 weeks ago
Comment: 278

Reminding voters of actions of their elected official is in my opinion not cheap. It is your opinion that it is a good deal, and my opinion that it is not. However every voter should know what they need to know to vote. It is your opinion they do a good job also. Notice I did not tell you to give it a rest...................everyone is entitled to an opinion!

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